UK CPI in focus: GBPSEK leads sterling's pre-print dip
UK CPI y/y lands at 06:00 UTC on 21 Oct, forecast 3.4% vs 3.1% prior. See how sterling crosses GBP/SEK, GBP/NZD and GBP/AUD are trading into it.
Stay updated with the latest forex, metals, and indices market news.
UK CPI y/y lands at 06:00 UTC on 21 Oct, forecast 3.4% vs 3.1% prior. See how sterling crosses GBP/SEK, GBP/NZD and GBP/AUD are trading into it.
The dollar opens firm with USD/JPY at 158.49 as the DAX and FTSE both fall over 1.4%, while crypto's gains cluster in UNIUSD and Polkadot.
The UK Average Earnings Index lands at 06:00 UTC, with pay growth forecast at 3.8% versus 3.9% prior β the only scheduled release on the calendar for sterling.
US equities and precious metals firmed into the New York close while crypto sold off β platinum +1.3%, GRT -5.81%, bitcoin near $80.9k.
Platinum (+1.3%) and palladium (+1.11%) topped the board as London closed, while crypto led the losers with GRTUSD off 5.81% and Polkadot down 4.95%.
Canada's CPI release barely moved the loonie on 19 October: USDCAD edged up while NZDCAD slipped almost as much, a muted, two-sided reaction.
Canada's CPI m/m lands at 12:30 UTC with a 0.2% forecast after -0.1%. See how EURCAD, GBPCAD and the loonie crosses are trading into the data.
Altcoins lead crypto lower β GRT, Polkadot and XTZ all down over 4.7% β while platinum, palladium and silver catch a bid and the dollar holds firm.
Canada's CPI slate lands at 12:30 UTC β headline m/m seen at 0.2% from -0.1%, while the Bank of Canada's three core measures are pegged to hold steady.
Brent and WTI led into the close with gains near 3%, while Tezos, Polkadot and the broader crypto board slid and the Nasdaq 100 fell 2%.
A CPI-heavy week: Canada's inflation set lands Monday, UK and New Zealand consumer prices both follow Wednesday. The forecasts, timing and FX in play.
European equities climbed as the CAC 40 and FTSE 100 led gains, silver and US crude rallied, and the Australian dollar topped the session's losers.